Lloyd v. West Branch Bank
Supreme Court of Pennsylvania
Error to the Common Pleas of Lycoming county. This was an action of assumpsit, brought by John C. Oliver vs. The West Branch Bank, to recover the sum of about $4000, being the amount of Tide Water Canal notes, placed in the bank by him on special deposit. The pleas were non-assumpsit and payment with leave, &c. Oliver died, and Lloyd, the executor of his will, was substituted. The .plaintiff alleged that this deposit was used by the bank, and converted to her own use.
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Error to the Common Pleas of Lycoming county. This was an action of assumpsit, brought by John C. Oliver vs. The West Branch Bank, to recover the sum of about $4000, being the amount of Tide Water Canal notes, placed in the bank by him on special deposit. The pleas were non-assumpsit and payment with leave, &c. Oliver died, and Lloyd, the executor of his will, was substituted. The .plaintiff alleged that this deposit was used by the bank, and converted to her own use. The bank denied this allegation, and contended that the deposit was taken from the bank by Tunison Coryell, the cashier, in…
1Opinion of the Court
The opinion of the court was delivered by
Coulter, J.
The recognised and known functionaries, and especially the officers of a bank, are held out to the world as having authority to act according to the general usage, practice, and course of the business of such institutions.
If it were otherwise, there would be no safety for the public in doing business with any one of such institutions; because their charters differ in some respects, and individuals cannot be presumed to carry these documents in their pockets as a vade meoum. Their acts, therefore, within the scope of such usage, practice, and…
2Cited by10 opinions
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- Brown v. Mount Holly Nat. BankSupreme Court of Pennsylvania · 1926
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